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their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain have diminished with talk now of a smaller deal that extend bush tax rate for the middle class and extends unemployment benefits but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter: with expectations for a deal low, lawmakers are now talking about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could have shut down ports all over the east coast have been averted for now. the longshoremen union along the east coast and the gulf of mexico says it will extend its contract for the next 30 days. that ext
their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain have diminished with talk now of a smaller deal that extend bush tax rate for the middle class and extends unemployment benefits but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter:...
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Jan 1, 2013
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it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we saw president obama come out earlier today and talk about the fact that look, this isn't a perfect deal. this represents compromise on all sides. part of the reason you saw president obama come out today is not only to pressure republicans, but also to pressure democrats to get the deal done before this midnight deadline that is now so close and that is fast approaching. so there is some opposition that is being voiced from the left. could this impact the decision of some senate democrats? we'll have to wait and see, certainly. but, of course, when these deals come together, there are a lot of dis
it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we...
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Dec 30, 2012
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we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepiness, weight gain, and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't d
we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it...
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legislation to avert the fiscal cliff tax increases and spending cuts increases is headed to the house. the house will be back in session this afternoon. house speaker john boehner hasn't endorsed the deal but has promised to vote on it or a republican alternative right away. >>> the type of blood clot detected in secretary of state hillary clinton is relatively uncommon, but can occur after an injury like the fall and concussion she suffered in september. doctors are treating mrs. clinton with blood thinners and are confident she'll make a full recovery. >>> midnight fire works show was canceled after a fight at a restaurant ended with two people fatally shot and three injured. the new year was greeted with con feti and fireworks for the most part, champagne, eiffel tower in paris. crowds were smaller than last year. hong kong held its biggest ever celebration, including a massive fire works display that cost $1.6 million. no >>> lake effect snow is expected throughout wisconsin and michigan and western new york. snow showers are possible in the northern plains, partly cloudy conditio
legislation to avert the fiscal cliff tax increases and spending cuts increases is headed to the house. the house will be back in session this afternoon. house speaker john boehner hasn't endorsed the deal but has promised to vote on it or a republican alternative right away. >>> the type of blood clot detected in secretary of state hillary clinton is relatively uncommon, but can occur after an injury like the fall and concussion she suffered in september. doctors are treating mrs....
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Dec 24, 2012
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>> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven days. even in your role, if you're having to reset expectations. >> sure. i think it's fair to say the campaign is disappointed. we're not going to -- unless lightning strikes, we're not going to get a big deal. we're going to get something that avoid the cliff. kicks the can down the road on the serious issues. the serious issues, the can gets kicked into the debt ceiling. president says he's not going to deal with the debt ceiling. who knows what's going to happen at that point. i think we blew an opportunity in the last seven weeks to really sit down, do something good for the country, d
>> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven days....
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Dec 28, 2012
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if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollars over nine years. that works out to about a 55 billion-dollar cut per year, starting next year, 2013. defense analysts say this on top of hundreds of additional cuts already in place for defense will be devastating to the military. >> it is going to affect the operational force that is its livelihood to get it equipment and not just the force in afghanistan that is being reduced. it would impact the training as well. reporter: there is a large defense industry will also be hit. private companies may not get government contracts to keep them in business. >> severe budget cuts could literally put national security at risk if the companies that make the f-35 fighter jet or nuclear submarines or artillery pieces don't have the money and have to lay off work force and close facilities. reporter: jim moran said his district, right outside of washington, home to many who work in the
if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollars over nine years. that works out to about a 55 billion-dollar cut per year, starting next year, 2013. defense analysts say this on top of hundreds of additional cuts already in place for defense will be devastating to the military. >> it is going to affect the operational...
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Dec 29, 2012
12/12
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thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bu era tax break force the middle class but raisi tax rates on incomeser v ov 250,000 dollars a. year predeont alse wan a to extend unempyment w benefits omfor se 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more th
thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but...
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Dec 31, 2012
12/12
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defense sector facing major cuts if we do go over the fiscal cliff. how that industry will be affected if we don't get a deal today, we'll talk about that after the break. stay with us. any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> they say the biggest priority is making sure we deal with the debt in a serious way. the way they're behaving is their only priority is making sure that tax breaks for the wealthiest americans are protected. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest, or frankly, the courage to close the deal. >> the deadline to get a deal done, steadily getting closer and closer. the defense industry wi
defense sector facing major cuts if we do go over the fiscal cliff. how that industry will be affected if we don't get a deal today, we'll talk about that after the break. stay with us. any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader...
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Dec 31, 2012
12/12
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
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Dec 26, 2012
12/12
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the looming fiscal cliff. it is a brand new hour of "america's newsroom," hello, everyone, i'm patti ann brown. gregg: and i'm gregg jarrett. lawmakers are -- republican lawmakers are returning to washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in honolulu, hawaii. so, ed, what is the latest? any progress to tell us about? >> reporter: or well, patti ann, really no progress. as gregg was saying, a lot of people thought, well, a cooling-off period, the holidays, maybe this'll get everybody to work together, the president even joking last week about figuring out a way to move all of this forward, but we've been told by white house officials there have been no real phone calls between the president and speaker boehner over the last few days, very little staff contact. so the b
the looming fiscal cliff. it is a brand new hour of "america's newsroom," hello, everyone, i'm patti ann brown. gregg: and i'm gregg jarrett. lawmakers are -- republican lawmakers are returning to washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in...
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Dec 28, 2012
12/12
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cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with dolphins and played guinea pig to lots of experiments. watch some of the best outtakes of miles' science stories on the rundown. and we round up the most important lessons we've learned about helping kids stay in school from our series, american graduate. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonight. i'm margaret warner. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening with mark shields and david brooks among others. thank you and good
cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with...
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the only way to fix that is go over the fiscal cliff 'cause clearly democrats don't want to cut spending. they'll have to be forced into that and the only way that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier economy going forward. >> kelly: there are a lot of economists who agree because they're saying if we go through this, it will be pain for everybody, 2,000, $4,000 added to our tax for the next year or so. and potentially, after that we will rebound and all those automatic spending cuts will go into effect. >> juliet: we've been following this drama involving hobby lobby. the company plans to defy a federal mandate that came out. it required it to offer the morning after pill. and hobby lobby, the owners of the company say, but they don't want to do that. it defies what they believe. they're going to be defying this order. they're going to risk fines of up to $1.3 million per day because they said on principle, we can not do this. >> kelly: here is the reason why. they're a faith
the only way to fix that is go over the fiscal cliff 'cause clearly democrats don't want to cut spending. they'll have to be forced into that and the only way that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier economy going forward. >> kelly: there are a lot of economists who agree because they're saying if we go through this, it will be pain for everybody, 2,000, $4,000 added to our...
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. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent much of the day mulling a bill that cleared the senate shortly before 2:00 a.m. >> the yeah's are 89. the nays are 8. 60-vote threshold having been achieved the bill as amended is passed. >> woodruff: the senate bill makes permanent the bush era tax cuts for 99% of families, those with incomes under $450,000 a year. anything over that amount would be taxed at a rate of 39.6% up from the current 35. the agreement would raise the estate tax on large estates to 40%. but the payroll tax cut of the last two years would expire. the bill also extends unemployment benefits for a year and it stops a cut in medicare paymen
. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent...
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Dec 28, 2012
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he cut his hawaiian vacation short to get back to the white house for any possible last minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is more. >> last night i told the president we would be happy to look at whatever he proposes. but the truth is we are coming up against a hard deadline here. and as i said, this is a conversation we should have is had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> the senate is in session and this is the first time either the house or senate has been in session for legislative business between christmas and new year's since 1970. harris? >> harris: not to put too fine a point on, it i guess it is politics, i don't know. saw what looks like a bit of taunting teen the top senate democrat and th
he cut his hawaiian vacation short to get back to the white house for any possible last minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is more. >> last night i told the president we would be happy to look at whatever he proposes. but...
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Dec 28, 2012
12/12
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frantic work under way with just four days left to pass a fiscal cliff deal and lawmakers are meeting again this afternoon to try to avert major tax hikes and spending cuts. the latest on what we can expect from today's efforts. >> the key players will give it one last shot. president obama and congressional leaders will meet this afternoon at the white house in a last-ditch effort to avoid a self-inflicted fiscal calamity. this is the first meeting between the power plays in six weeks. if they can't work out some kind of agreement automatic tax hikes and spending cuts will go into affected new year's day, which will impact most americans and will put the nation back into recession. >> we are coming up against a hard deadline. >> at today's meeting, president obama will push for a stop gap measure, a small deal that will at least prevent tax increases for those earning $250,000 or less. but even that seems unlikely. >> the american people have a right to be very upset with this congress. >> publicly, both sides have ratcheted up rhetoric, pointing the finger. >> john boehner seems to
frantic work under way with just four days left to pass a fiscal cliff deal and lawmakers are meeting again this afternoon to try to avert major tax hikes and spending cuts. the latest on what we can expect from today's efforts. >> the key players will give it one last shot. president obama and congressional leaders will meet this afternoon at the white house in a last-ditch effort to avoid a self-inflicted fiscal calamity. this is the first meeting between the power plays in six weeks....
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Dec 24, 2012
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only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is all part of a white house plan. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at thement bot of the cliff. he gets all this additional tax revenue for new program. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> white house correspondent breanna keilar has the envy of all assignments of traveling with the president and joins us live from honolulu, hawaii, this morning. breanna, good morning to you. >> reporter: good morning to you, alina. the bottom line here, beginning this week, is that substantive conversations between democrats and republicans are basically nonexistent. the white house and senate democrats are not in communication not only with house re
only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is all part of a white house plan. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at thement bot of the cliff. he gets all this additional tax revenue for new program. he gets...
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Dec 24, 2012
12/12
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it is for a >> we are eight days from the fiscal cliff deadline and there is no deal in sight. thursday is the soonest the talks would likely resume. they want to prevent automatic tax hikes and cuts in spending from taking place. >> were going to go over the cliff for. you cannot negotiate with someone who does not want to negotiate. >> it is the first, i feel that is more likely we will go over the fiscal cliff. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> economists warn without a deal, the u.s. could plunge into recession. today is christmas eve and santa just set off for his 24-hour trek around the world. >> cameras are recording his final journey. he put a huge stack into the sleigh and rudolph led the way santa says it is important for everyone to wish for peace on earth. if you want to attract santana -- santa - look closely. >> this is norad tracker and he is heading along the australian coast. on the site, he has already delivered 86 million gifts. >> a lot of good little boys and girls
it is for a >> we are eight days from the fiscal cliff deadline and there is no deal in sight. thursday is the soonest the talks would likely resume. they want to prevent automatic tax hikes and cuts in spending from taking place. >> were going to go over the cliff for. you cannot negotiate with someone who does not want to negotiate. >> it is the first, i feel that is more likely we will go over the fiscal cliff. if we allow that to happen, it will be the most colossal...
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Dec 26, 2012
12/12
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a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first lady. tonight here, some rare personal questions answered about their own relationship and their girls. one of whom just got her first cell phone. >> reporter: i want to talk a bit about the girls. we have been rawatching them gr up from little girls to young ladies. now, malia recently got her first cell phone. do you monitor it? and see who she calls or who she texts? >> i give my daughter at this age, i give her a long rope. you know, and there is monitoring, because we have rules, but monitoring may be,
a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house...
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Dec 27, 2012
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president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues.
president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues.
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Dec 24, 2012
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cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it appeared but that fell apart and talks fell apart. president obama said i will accept a smaller deal as long as it doesn't allow rates for those to go up for those making $250,000 or less. over the weekend you had a few senators, including senator joe lieberman saying they believe now more than ever we may be getting closer to actually going over the fiscal cliff. that is of course hanging over the heads of a lot of americans as they enter this holiday season and also looming over this vacation the presiden
cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it...
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Dec 29, 2012
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cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where the talks stand. >> reporter: good evening. sources close to the talks say there is more pessimism tonight with democrats and republicans still unable to reach a compromise, particularly over the issue of taxes. but senate negotiators aren't giving up. they're still hopeful for a breakthrough before that all important tuesday deadline. with time running out, key staffers huddled behind closed doors against the backdrop of a snowy capitol trying to hammer out a last-minute deal. in his weekly address, pre
cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where...
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Dec 30, 2012
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so it will take care -- it would take care of the tax side of the fiscal cliff but i suspect it will do nothing about the spending side and that hundred billion dollars in automatic spending cuts which is called the sequestration would go into effect on january 1st. >> but then they still have a few days i'm assuming chris, even if sequestration does go into effect, it doesn't go right away. they have time to work it out? >> exactly. if they can't get it by the deadline, it may take some weeks to do that but it doesn't kick in immediately and agencies can delay, you know, if they have like an 8% cut over the course of the year, they can do little in january and february and hope that congress does something about it later on in the year. so, you know, in that sense, if they are able to avoid the tax increases for most americans, they will have taken away the vast majority of the impact of the fiscal cliff. >> and i know also you will be talking with senator feinstein about her plan. she says day one she is going to submit legislation to renew the assault weapons ban. >> that's exactl
so it will take care -- it would take care of the tax side of the fiscal cliff but i suspect it will do nothing about the spending side and that hundred billion dollars in automatic spending cuts which is called the sequestration would go into effect on january 1st. >> but then they still have a few days i'm assuming chris, even if sequestration does go into effect, it doesn't go right away. they have time to work it out? >> exactly. if they can't get it by the deadline, it may take...
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cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is spending. the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm
cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >>...
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Dec 28, 2012
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also this half hour, the crucial final countdown to the fiscal cliff. now all eyes are on the power brokers meeting face to face today, with one question -- can they cut a deal in time? >>> also, the nfl coach whose toughest fight is not on the football field, but battling cancer. the indianapolis colts' head coach, chuck pagano, opens up about returning to his team just in time for the playoffs. and a lot of people have just been cheering him on the whole way. >> a great story. you'll want to stick around for that. >>> later, bette midler and billy crystal. the project that got these two beloved stars to work together after so many years. >> great movie, we're told. they play grandparents. >>> but first, there is no rest for the weary. the killer winter storm finally behind us, but don't put away your snow shovels just yet. >> that storm system that blasted the midwest, south and northeast has claimed at least 16 lives. now we're bracing for another round of snow. the news that you they not want to hear. our coverage begins. >> reporter: this surveilla
also this half hour, the crucial final countdown to the fiscal cliff. now all eyes are on the power brokers meeting face to face today, with one question -- can they cut a deal in time? >>> also, the nfl coach whose toughest fight is not on the football field, but battling cancer. the indianapolis colts' head coach, chuck pagano, opens up about returning to his team just in time for the playoffs. and a lot of people have just been cheering him on the whole way. >> a great story....
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Dec 27, 2012
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where priority number one is avoiding the fiscal cliff. >> unless mr. obama and congress can reach a deal by the new year, across-the-board tax increases and deep spending cuts will be automat liically taking effect. and while the president takes his red-eye flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently got her first cell phone. do you monitor it and see who she calls or who she texts? >> i give my daughter, at this age, i give her a long rope. and there is monitoring, because we have rules. but monitoring may be, you never know when i'm going to walk in your room and i'm going to definitely ask you, who are you talking to? and are you talking about school work? >> and they're not very good at lying. we joke sometimes about how malia is getting to the
where priority number one is avoiding the fiscal cliff. >> unless mr. obama and congress can reach a deal by the new year, across-the-board tax increases and deep spending cuts will be automat liically taking effect. and while the president takes his red-eye flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their...
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Dec 26, 2012
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if we're going to cut the size and scope of government perhaps we should go over the fiscal cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal lives, they want got to do the same. something else is playing into christmas sales being low. christmas itself is under attack. a lot of christian conservatives believe that if we're going to say happy holiday, perhaps those that think it's any other holiday should support the economy and they're not buying the gifts they used to buy. they do christian efforts locally in churches and talk to families about other things than gifts. >> we always say merry christmas here but stay on this here. if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income level across the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i'm hearin
if we're going to cut the size and scope of government perhaps we should go over the fiscal cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal lives, they want got to do the same. something else is playing into christmas sales being low. christmas itself is under attack. a lot of...
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Dec 31, 2012
12/12
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cliff, means big cuts for the defense department. even if an agreement is reached, the threat still looms large. ♪ ♪ i'm halfway to your heart ♪ you have to let me know ♪ so i don't make my worst mistake ♪ ♪ turn around and let you go [ female announcer ] when sweet and salty come together, the taste is irresistible. made with sweet, smooth peanut butter and salted, roasted peanuts. sweet and salty nut bars by nature valley. nature at its most delicious. . >>> you know there is a lot at stake in the fiscal cliff talks besides the looming tax hikes. fox's peter deucey has a look at the latest in massive cuts that could be coming to the defense department. >> reporter: senator lindsay graham told me this morning his phone rang during dinner saturday night. it was defense secretary leon panetta calling to say he had been told that the bill to avoid the fiscal cliff will not include anything to avoid sequestration. on tuesday, leon panetta will have to write 800,000 layoff notices to the defense contractors. >> if the preside
cliff, means big cuts for the defense department. even if an agreement is reached, the threat still looms large. ♪ ♪ i'm halfway to your heart ♪ you have to let me know ♪ so i don't make my worst mistake ♪ ♪ turn around and let you go [ female announcer ] when sweet and salty come together, the taste is irresistible. made with sweet, smooth peanut butter and salted, roasted peanuts. sweet and salty nut bars by nature valley. nature at its most delicious. . >>> you know...
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Dec 30, 2012
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i understand even if they reach a deal on the fiscal cliff, there are already defense cuts that will hurt anyway. >> that's right. those decisions have been made. what's so disappointing about this deal being constructed here, and hopefully there is one, is the fact sequestration is not on the table. that is going to take place anyway. we look at the readiness of our forces and readiness is a word that describes the preparedness to fight effectively and that he is what americans should remember. we look at one, do we have the people, and are they qualified with the appropriate skill sets, enlisted and officer. do we have the repair parts and maintenance hours to fix the equipment that we have and then are we able to train effectively with that with the amount of hours and time needed to do that. all of that would be cut back significantly, so the readiness of this force, its ability to fight is what i'm saying, would go down markedly. and also there's going to be significant morale impact to the force because all of the services on bases would be cut to include repair and maintenance
i understand even if they reach a deal on the fiscal cliff, there are already defense cuts that will hurt anyway. >> that's right. those decisions have been made. what's so disappointing about this deal being constructed here, and hopefully there is one, is the fact sequestration is not on the table. that is going to take place anyway. we look at the readiness of our forces and readiness is a word that describes the preparedness to fight effectively and that he is what americans should...
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Dec 30, 2012
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cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called sequester that would hit the pentagon. on "fox news sunday" senator lindsey graham told chris wallace he got a call from the defense secretary suggesting these cuts are coming. lake a listen. >> i was called by leon panetta at 7:30 during dinner. >> secretary of defense. >> this is the failure of the supercommittee to find $1.2 trillion in cuts. half of the 1.2 falls on defense who already cut. he says if we do this we will shoot the defense department in the head and send out 800,000 layoff notices the beginning of the year. he is worried to death if we don't fix sequestration we will destroy the
cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called...
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Dec 29, 2012
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around the consequences of going over the fiscal cliff actually a democrat's dream? all that's missing are vegan lunches and yoga in classrooms. you have high taxes and defense cuts. you must be giddy good going over the cliff. >> not me, i don't want to go over the cliff. i have investments, i work for a living, and guess what? it would be absolutely traumatic for the american economy and the global economy and the recession is not exactly in the midst of a strong recovery. it's pretty weak, so i don't think it's good news for anybody and this is something that the press doesn't pay attention to, greg. i think that if obama has to start a second term with everybody saying, oh my gosh, the sky is falling, the economy is going to hell, then consumer confidence thinking, that's not good news for democrats, so why would you think it's good news for democrats? >> because you just sounded like a republican. >> oh sclop! get out of here. >> you're saying that hurts the party. welcome to the republican party. >> rags nam people say that's not a good thing to do. i would hop
around the consequences of going over the fiscal cliff actually a democrat's dream? all that's missing are vegan lunches and yoga in classrooms. you have high taxes and defense cuts. you must be giddy good going over the cliff. >> not me, i don't want to go over the cliff. i have investments, i work for a living, and guess what? it would be absolutely traumatic for the american economy and the global economy and the recession is not exactly in the midst of a strong recovery. it's pretty...
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Dec 27, 2012
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downgrade in the consumer confidence numbers but you have to admit, it's the fiscal cliff, the debt clock stuff. i don't blame them. >> reporter: yeah. people think the general public is oblivious and not paying attention. they want to blow off the fact people are bored about hearing about the fiscal cliff but the reality is that 98% of americans will be affected and will see taxes go up if we go over the cliff at the end of the year. this consumer confidence number is an indication of what economist have been warning if we go over the cliff and enter into a new recession in 2013. that consumer confidence number down 6 points to just over 65. you know as well as i do this is a big change in the overall trend we had been seeing of improving consumer confidence. so as we near the fiscal cliff and near the end of the year, folks are buckling up, didn't spend as much as christmastime and we depend on the spending for economic growth. it's the engine of economic growth and all fingers point to another recession. >> eric: yesterday we got indication the retail sales for christmas were bad. toda
downgrade in the consumer confidence numbers but you have to admit, it's the fiscal cliff, the debt clock stuff. i don't blame them. >> reporter: yeah. people think the general public is oblivious and not paying attention. they want to blow off the fact people are bored about hearing about the fiscal cliff but the reality is that 98% of americans will be affected and will see taxes go up if we go over the cliff at the end of the year. this consumer confidence number is an indication of...
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Dec 28, 2012
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. >>> this is a crucial day in the effort to keep the country from going off the fiscal cliff. president obama meets with congressional leaders this afternoon. democrats and republicans both say a deal at this point would probably extend bush era tax cuts for most persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's meeting. he says the house will convene for a rare sunday evening session. eric cantor says the house could be in session until january 2nd. that's the day before the new congress is sworn in. boehner, meanwhile, still maintains that it's up to the senate at this point to make the first move. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest
. >>> this is a crucial day in the effort to keep the country from going off the fiscal cliff. president obama meets with congressional leaders this afternoon. democrats and republicans both say a deal at this point would probably extend bush era tax cuts for most persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's...
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if it does go to the fiscal cliff and we go over it, sequestration would cut only $109 billion next year. that is actually not a lot in a budget of almost four trillion, is it? >> it's not a lot of the total number, half of that goes to defense which are own admirals and generals have said and secretary of defense would be devastating. this comes on top of -- $50 billion in one year to the defense. and it doesn't touch at all medicare and the other entitlement programs. >> gregg: biggest drivers and cost and absolutely nothing has been done about those things? >> it's criminal. she is things are going to destroy us. we can live with higher taxes, you might not think it's the best idea on the rich. i think it's a way to go about it but we can't survive we are without adjusting our entitlement reform unless it is addressed. >> gregg: jamie weinstein, it's criminal -- i didn't take it that far but you do did. >> without a fiscal cliff teal the pentagon is bracing for $500 billion but that is over the next decade and raises questions how military leaders plan to keep the nation safe. >> last
if it does go to the fiscal cliff and we go over it, sequestration would cut only $109 billion next year. that is actually not a lot in a budget of almost four trillion, is it? >> it's not a lot of the total number, half of that goes to defense which are own admirals and generals have said and secretary of defense would be devastating. this comes on top of -- $50 billion in one year to the defense. and it doesn't touch at all medicare and the other entitlement programs. >> gregg:...
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Dec 28, 2012
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their heads off and it wouldn't help the medicare fiscal cliff. we need both. i'm ready to work with him and so are a lot of republicans. >> one of the reasons why he and other republicans are putting pressure on the president is this is the first time that the president has gotten all four of the house, senate, democratic and republican leaders, since november 16th. he'd had conversation with speaker boehner but the first time both parties have gotten together. they're saying he should have done it sooner. the white house response is the stumbling block is republicans have opposed any tax increase. >> so for the sake of argument, say the meeting goes well. what's the best case scenario? >> best case is a slimmed down piece of legislation, smaller than the $4 trillion the president and speaker have been talking about. if you remember one week ago today, before he left for hawaii, the president came into the white house briefing room in the evening and basically said this is what the plan should be. >> the next few days i've asked leaders of congre
their heads off and it wouldn't help the medicare fiscal cliff. we need both. i'm ready to work with him and so are a lot of republicans. >> one of the reasons why he and other republicans are putting pressure on the president is this is the first time that the president has gotten all four of the house, senate, democratic and republican leaders, since november 16th. he'd had conversation with speaker boehner but the first time both parties have gotten together. they're saying he should...
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Dec 26, 2012
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fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about, plan b falling apart. now speaker boehner is pointing towards the senate and the white
fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion...
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it's a shame in this nation where every developed country in the world knows our fiscal cliff is our fiscal solvency you have to have these leverage points. sit down and solve the problem because we know it's our greatest threat. that's not the case here. we have a president who has not laid out a plan. is he on yulingsly a spendaholic. >> dave: here is the problem for republicans though. if there is no deal out of the senate he will say okay i need an up or down vote on the $250,000 up or down mark. if republicans want to go on record to say no on that. that's going to be very politically dangerous for john boehner in the house. that's the bottom line. >> juliet: i know you are getting a lot of tweets. mine is like i blame, this i blame that guy. it's interesting to hear what you guys have to say about that first, let's go to peter doocy. what happens this weekend as far as negotiations are concerned? mr. doocy standing by in washington. hello, pete. >> dave: hello peter. >> hello juliet, dave and clayton. we have been told about meetings about ways to avoid the fiscal cliff. not su
it's a shame in this nation where every developed country in the world knows our fiscal cliff is our fiscal solvency you have to have these leverage points. sit down and solve the problem because we know it's our greatest threat. that's not the case here. we have a president who has not laid out a plan. is he on yulingsly a spendaholic. >> dave: here is the problem for republicans though. if there is no deal out of the senate he will say okay i need an up or down vote on the $250,000 up...
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he said he feels like we -- let's do a swan dive over the fiscal cliff. >> clayton: he wants the fiscal cliff, boling does. i don't know that that would be a smart move, given the sequestration and all of the defense cuts that we're about with to face if we go over that, that means a massive, massive cut to our military. >> juliet: his thing is, look, we got to start cutting this deficit down. we just got to start now. he said, i stand to lose a lot of money in this, but it's got to happen now. >> dave: he also said republicans should lead on immigration, which i thought was interesting. that also made my eyes go up. >> clayton: he said they're going to continue to lose election after election if they continue to do what they did as it relates to immigration reform. the senate this morning, look at the live look, capitol hill and the white house. the senate reconvenes at 11:00 a.m. this morning. the house is getting together around 9:00 a.m. this morning. again, wendell goler reporting they've been hashing out deals throughout the night. >> dave: if you want good information as it happe
he said he feels like we -- let's do a swan dive over the fiscal cliff. >> clayton: he wants the fiscal cliff, boling does. i don't know that that would be a smart move, given the sequestration and all of the defense cuts that we're about with to face if we go over that, that means a massive, massive cut to our military. >> juliet: his thing is, look, we got to start cutting this deficit down. we just got to start now. he said, i stand to lose a lot of money in this, but it's got to...
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harris: president obama cutting his vacation short to avoid the fiscal cliff but house speaker john boehner says the people who need to take action are not in the oval office. >>> as the investigation continues into the deaths of four americans in libya we're learning people who were initially blamed are back on the payroll with little or no punishment. >>> unbelievable video. some aquariumgoers getting way too close to a real live shark. as close as you can get without becoming dinner. it is all "happening now." harris: hello, everyone, i'm harris faulkner, in today for jenna lee. jon: nice to have you up here in the big studio instead of down in the newsroom. harris: good to be here. jon: i'm jon scott. there is deadly weather pounding the united states. a powerful winter storm bringing snow and driving rain to the northeast. blizzard conditions in some areas. it is the same system that brought winter storms and tornados to the south and midwest. at least 12 people have died in this system. we're seeing major travel problems today as well. some areas are getting slammed all night long. an
harris: president obama cutting his vacation short to avoid the fiscal cliff but house speaker john boehner says the people who need to take action are not in the oval office. >>> as the investigation continues into the deaths of four americans in libya we're learning people who were initially blamed are back on the payroll with little or no punishment. >>> unbelievable video. some aquariumgoers getting way too close to a real live shark. as close as you can get without...
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Dec 29, 2012
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>> the fiscal cliff is basically a series of an expiration of tax cuts as well as some new taxes combined with spending cuts that if we don't reach by the end of the year, we're going to go over, okay? there's a few main points that are really important to look at. the ones that are going to impact average americans most, that's what you need to consider. the first is the expiration of the bush-era tax cuts. what this means is that basically income tax rates are going to go up for nearly all american taxpayers. president obama, of course, is looking to avert the cliff by setting a threshold whereby the higher income earners will pay more but that the middle income and low income earners won't pay more. also to consider is the application of the amt, the alternative minimum tax. this will apply to taxes in 2012. it's one that's actually looking back a little bit and what's going to happen is you're going to see 30 million more americans be subjected to this tax that weren't before. in addition to that, we're also looking at the expiration of the payroll tax holiday. what that could mean is
>> the fiscal cliff is basically a series of an expiration of tax cuts as well as some new taxes combined with spending cuts that if we don't reach by the end of the year, we're going to go over, okay? there's a few main points that are really important to look at. the ones that are going to impact average americans most, that's what you need to consider. the first is the expiration of the bush-era tax cuts. what this means is that basically income tax rates are going to go up for nearly...
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Dec 31, 2012
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one other thing from the president's speech, the fiscal cliff will end. now the super cliff in february and march. looks like a huge battle of the sequester. republicans want different spending cuts and debt ceiling on top of it. get ready for the super cliff? >> so you are saying today is just a band-aid. >> listen, the battle will be more fervent in the spring. it doesn't sound like they will delay it. that's an even bigger battle, i think. >> i think governor greg man u, some say he is partisan on the right, he had an op ad over the weekend. if we want to be a nation that gives people unlimited healthcare and social security no matter what you pay in, taxes have to go up on everybody. do you agree? >> answerly. tax absolutely. we can give reasonable benefits, controlled, smart spending with, do all those things and keep tax cuts at a reasonable rate. >> with the average single income household. let's say the man works, wife doesn't, or vice versa. it is $6 used versus every $1 paid in. 6-1. can clearly unsustainable. >> we need far more fundamental ref
one other thing from the president's speech, the fiscal cliff will end. now the super cliff in february and march. looks like a huge battle of the sequester. republicans want different spending cuts and debt ceiling on top of it. get ready for the super cliff? >> so you are saying today is just a band-aid. >> listen, the battle will be more fervent in the spring. it doesn't sound like they will delay it. that's an even bigger battle, i think. >> i think governor greg man u,...
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republicans are saying they think the president actually wants to go off the fiscal cliff for political gain. take a listen. when i listen to the president i think the president is eager to go over the cliff for political purposes. additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> now, republicans are also skeptical of the short-term deal the president is talking about because it would leave spending cuts until next year. not deal with them now. republicans don't like the idea that some taxes would go up. meanwhile, the spends cuts wouldn't come until later. although democrats on the hill say the real reason republicans have not sealed the deal with the president yet is they just won't admit that he won the election. take a listen to senator chuck schumer. >> on taxes i know it's hard for the republicans but the president ran on that platform 250 no taxes below but taxes above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> inde
republicans are saying they think the president actually wants to go off the fiscal cliff for political gain. take a listen. when i listen to the president i think the president is eager to go over the cliff for political purposes. additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> now, republicans are also skeptical of the short-term deal the president is talking about because...
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swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board sequestration cuts. 8.2% across the board. cut defense and health. they will be able to reintate a lot of programs and give his caucus the opportunity to say look, i am voting for something. i am voting to restore tax cuts for the middle class. voting to restore great thin things. republicans are in a tough position. no one will say vote to restore the tax cut for rich. this is his game plan from day one. >> eric: what is the a terptive? $250,000 and above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: boehner did -- boehner has taken heat. in his defense he has taken a ton of flak on this. he has given a terrible hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnell knows he can't pass anything, any tax
swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board sequestration cuts. 8.2% across the board. cut defense and health. they will be able to reintate a lot of programs and give his caucus the opportunity to say look, i am voting for something. i am voting to restore tax cuts for the middle class. voting to restore great thin things....
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Dec 27, 2012
12/12
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FBC
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. >>> jitters over the fiscal cliff sent the fear index or the vix leaping yet again. it hit the highest level since july. the vix is up 30% over the last month. >>> apple's tim cook is getting a 99% cut in compensation this year. cook will take home $4.2 million compared to 378 million bucks in 2011. apple made clear the decline has nothing to do with performance. cook's sky-high 2011 pay package was largely award of one million restricted shares of stock after he took the reins at apple as ceo. that money would come in handy in washington, wouldn't it? that is our top story. the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply,
. >>> jitters over the fiscal cliff sent the fear index or the vix leaping yet again. it hit the highest level since july. the vix is up 30% over the last month. >>> apple's tim cook is getting a 99% cut in compensation this year. cook will take home $4.2 million compared to 378 million bucks in 2011. apple made clear the decline has nothing to do with performance. cook's sky-high 2011 pay package was largely award of one million restricted shares of stock after he took the...
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Dec 30, 2012
12/12
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FOXNEWSW
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they're talking about the fiscal cliff, they're talking about raising taxes and cutting spending. the only thing that's been accomplished thus far is to raise spending by about a billion dollars a year. >> dave: i think in particular rubs americans the wrong way when they see this, members of congress average salary, 174,000. average american, $48,000. that's on top of the fact that we see all the time, they take off, these long recesses and oh, by the way not passing bills and on top of this, this was by executive order, the president did this himself. >> yeah, it was done late at night, obviously, not great politics. i'm not quite sure what the thought process is here, maybe they think it's going to somehow incentivize members of congress to move things in a certain direction, but again, i think it's a terrible idea. it shows the disconnect with the country. keep in mind, washington d.c. last year passed the silicon valley as the town now as the highest per capita income in the country. and this is going to add to that and it shows the disconnect between what i call the permanen
they're talking about the fiscal cliff, they're talking about raising taxes and cutting spending. the only thing that's been accomplished thus far is to raise spending by about a billion dollars a year. >> dave: i think in particular rubs americans the wrong way when they see this, members of congress average salary, 174,000. average american, $48,000. that's on top of the fact that we see all the time, they take off, these long recesses and oh, by the way not passing bills and on top of...
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Dec 31, 2012
12/12
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CNNW
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. >> americans aren't the only ones watching closely for signs of a fiscal cliff deal today. the world is watching, too. it's because the big tax hikes and spending cuts here could have a chilling effect on the global economy. we want to bring in richard quest from london. richard, we know that folks are watching this. perhaps not the minutia how we're following it in washington and the negotiations process from hour to hour and minute to minute it seems. certainly in the final stages of it this whether or not this is actually going to happen. why does it make such a big difference? >> reporter: it makes a huge difference because the rest of the globe, particularly say for example the european union and the euro zone is barely growing. it's stagnant and was in recession in '12. it could be in recession in '13. if you lop off any growth from the u.s. economy, that will have a ripple affect across the althouthe atlantic. you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few m
. >> americans aren't the only ones watching closely for signs of a fiscal cliff deal today. the world is watching, too. it's because the big tax hikes and spending cuts here could have a chilling effect on the global economy. we want to bring in richard quest from london. richard, we know that folks are watching this. perhaps not the minutia how we're following it in washington and the negotiations process from hour to hour and minute to minute it seems. certainly in the final stages of...
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Dec 29, 2012
12/12
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KGO
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the road bill, that creates another fiscal cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put together this deal, bring it to the senate tomorrow. then, the house comes back in session tomorrow night. they can vote on any deal passed by the senate. but bianna, no one is holding their breath here in washington. >> no one is, indeed. >>> for more on the big white house meeting, we want to bring in john avlon, political columnist at "the daily beast." a busy man covering all of this. how do you see this playing out? >> we're three days out. nothing focuses than the prospect of being hanged. today, bianna, is the key day. saturday, today, the senators are mee
the road bill, that creates another fiscal cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter:...
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Dec 26, 2012
12/12
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KRON
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the president is returning to the white house to work on a fiscal cliff deal before the europeans. house and senate members are expected to reconvene on thursday. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. >> we will be right back. >> for the rest of today we are looking for showers. tomorrow there will be lots of sun shine. satellite and radar shows a there will be a big storm for the mountains. right now most of the showers are starting to decrease. futurecast 4 shows that some showers will be in the south bay but that will be scattered. by the late afternoon we may see sunshine as we start to clear out the skies. the sierra forecast shows a they have a winter storm advisor. they are expected to receive three to 6 in. of snow. this is great news for snow boarders and skiers. >> the highs for today will be in the mid '50s for oakland and the east bay. it will be 53 degrees for downtown san francisco. here is a look at your 7 day around the bay forecast. decreasing clouds for the afternoon and may be a bit br
the president is returning to the white house to work on a fiscal cliff deal before the europeans. house and senate members are expected to reconvene on thursday. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. >> we will be right back. >> for the rest of today we are looking for showers. tomorrow there will be lots of sun shine. satellite and radar shows a there will be a big storm for the mountains. right now...
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Dec 31, 2012
12/12
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FOXNEWSW
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, to deal with the fiscal cliff. if you don't like the house's product bring it on the floor of the senate and let's change it. let's start being legislators instead of just a place where ideas go and die in the united states senate, it's embarrassing to me being the most deliberative body in the world and not be able to have a debate about how the fiscal cliff drama should end. we should have had the house bill on the floor months ago. harry reid blocks everything coming from the house, this place is completely dysfunctional and this is why you wait on new year's eve to financed out what is happening, because we don't vote in the senate any more. uma: it's a very troubling and disturbing situation indeed, senator graham. thank you so much for joining us. we are all watching and waiting to see what happens over the next few hours. >> there are a lot of votes in this body to avoid the fiscal cliff if we could just get the body working we would. but i want to end with this note. if there is going to be revenue increase
, to deal with the fiscal cliff. if you don't like the house's product bring it on the floor of the senate and let's change it. let's start being legislators instead of just a place where ideas go and die in the united states senate, it's embarrassing to me being the most deliberative body in the world and not be able to have a debate about how the fiscal cliff drama should end. we should have had the house bill on the floor months ago. harry reid blocks everything coming from the house, this...